The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-07
MONEY, BONDS AND STOCKS.

Quiet and Listless Day. Half Dozen
Stocks Absorbing All Attention.
New York, June 6.-Money call was easy
mt 3 as per cent, closing offered at per cent
Prime mercantile paper, a per cent.
Sterling exchange was dull and weak at 81. SIS
for sixty day bills. and "a SGT for demand.
The total sales Of stocks today 266, 926
shares. including the following: Delaware, Lack
Awanna q Western. 600; Erie, 5.400; Fort
Worth a. Denver 3. 100; Lake Shore, G, $50; Louis
vile g. Nashville, 6. 900; New Jersey Central.
3,5OO; Pacific Mail. 1864, Reading. Ii. 100; St.
Paul. As, 400; Western Union, 65,220
The week. on the Stock Exchange opened
with a quiet and rather listless market, in which
u half dozen stocks completely monopolized the
interest and two OF these made the temper of
the speculation at different periods of the day.
The announcement of the proposed extra issue
of stock by the ST. Paul company, coming as it
did. after the unfayorable bank statement of
Saturday. created a marked depression in the
granger stocks in which the general list syrnpa-
thIzed to limited extent. Later in the day
there sudden squirt in Western Union,
based upon widespread rumors that dividend
would shortly be declared UPON the stock. which
scheme 10 said to be favored by several of the
most influential stockholders. Under this slim
illus better feeling became noticeable
extensive covering of shorts" in Pacific Mail
throughout the Afternoon and the stock made
material advance. The Improvement in the
market also aided, late in the day, by q
duction in the rates of sterling exchange, Be-
sides the stocks mentioned above. there were
large dealings in Wheeling g. Lake Erie at ad-
vancing prices, though the gains made are gem
orally attributed to the effort Of the clique now
bullng the stock. The remainder of the list
was quiet and without feature, the fluctuations
being extremely narrow, except In a few spciaf-
ties, prominent among which were Tennessee
Coal and Iron. and Marquette. Houghton & On
tonagon common, both of which broke badly in
the close. The opening moderately active
and weak, first prices showing declines from Sat
urdays final figures, extending to 1 per cent.
Fort Worth g. Denver and Wheeling & Lake
Erie showed considerable strength, both
making fractional advances while furth-
the remainder of the list After the first
hour, a frmer feeling was impaired to the trad
ing, moth witEstanding which Tennessee Coal
dropped per. cent. Western Union suddenly
sprang into activity after IL o'clock, displaying
at the time unusual strength. The general list
corded Pacific Mail afterward became the lead
Ing strong stock, while Marquette, Houghton IL
Ontonagon dropped 81 per cent Prices shaded
off little in the last hour, but the close was
steady at generally near the best prices OF the
day. Final quotations show irregular changes.
zach up II: Tennessee Coal and Iron IS down IL;
st. Paul. I, and Jersey Central,
Railroad bonds were quiet: sales, l,5O7, 600.
Atlantic & Great Western Pacific Contributed
$195, 900, and Denver & Rio Grande fours, Sl41,-
900. Final changes are fractional y
Government bonds were dull and steady.
State bonds were dull and steady. Closing
run fatin xuar